CBN DEBUNKS FAKE NEWS ON NEW N5,000 AND N10,000 BANKNOTES.(PHOTO).

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  The Central Bank of Nigeria (CBN) has dismissed a viral claim circulating on social media about the introduction of new ₦5,000 and ₦10,000 banknotes, labeling it as fake news. The claim, which included fabricated images of the supposed new denominations featuring Dr. Nnamdi Azikiwe and Chief Obafemi Awolowo, falsely stated that the new notes would enter circulation from May 1, 2025. In a statement on its verified Facebook account, the CBN clarified that the content is not from the bank and directed the public to its official website, (www.cbn.gov.ng), for authentic information. The bank warned against spreading misinformation regarding monetary policies and urged Nigerians to rely only on official statements from its verified channels. The CBN reaffirmed that any major policy decision, including the introduction of new banknotes, would be announced through its official platforms. The public is advised to remain cautious and verify financial information from credible sources befor...
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22 ROAD TRANSPORT EMPLOYERS ASSOCIATION OF NIGERIA,ARRESTED IN LAGOS. (PHOTO).

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22 RETEANS NAB IN   LAGOS 

At least, 22 members of the Road Transport Employers Association of Nigeria, RTEAN, are currently being held by the police in Lagos over clashes by the union members on Tuesday this week.
A source disclosed that the state commissioner of police, Mr Sylvester Abiodun Alabi deployed crack teams drawn from Task Force, anti riot police and the CP Crack Squad to Iyana Iba where members of RTEAN had engaged themselves in a free-for-all fight over issue yet to be disclosed by security agents.
The source said those arrested have been ordered transferred to the State Criminal Investigation Department, SCID, on Musuliu Smith street, Yaba.
Last Tuesday clashes left commercial activities in the area paralysed for several hours.
Meanwhile, operatives from various units of the police are on surveillance in and around the area.
Attempt to reach out to the president of RTEAN, Alhaji Abubakar Musa to react on the clashes and the suspension placed on the union by the Lagos government were unsuccessful, as calls made to his phone were unanswered.


 

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